Space Industry (Indemnities) Bill

Calvin Bailey Excerpts

Friday 7th March 2025 Commons Chamber

[James Naish (Rushcliffe) (Lab)]

It is an honour to rise today to speak on the Space Industry (Indemnities) Bill and to champion the vital opportunities the space sector provides, especially to constituencies in Scotland, but also across the whole of our country, and to my area of Nottinghamshire in particular. I congratulate my hon. Friend the Member for Glasgow East (John Grady) on introducing the Bill and commend him for talking for 30 minutes, given that he is changing only two words of legislation.

I begin by echoing my colleagues’ sentiments about the transformative potential of our country’s space industry. The industry is already worth £17.5 billion to our economy, employing 50,000 people across the nation. It is quite literally a sector with no limits, and the Bill represents a crucial step in ensuring that we remain a global leader in space exploration, satellite technology and aerospace innovation. I have already mentioned the UK’s modern industrial strategy, which this Government are developing, and I genuinely hope that space sits at the heart of it.

In Rushcliffe and across Nottinghamshire we are witnessing the profound impact of this growing sector, and I am immensely proud to highlight some of the exciting developments that are taking place in our region. Just a short journey from my constituency is the Sherwood observatory, in Sutton-in-Ashfield, which is currently undergoing a £6.8 million transformation, and will soon open a state-of-the-art planetarium and science discovery centre, providing an unparalleled gateway to the stars for local students and visitors alike. What makes this project particularly remarkable is its innovative use of a Victorian water reservoir, blending historical preservation with cutting-edge science education.

Funded by the national lottery, the towns funds and private donations, the planetarium will inspire countless young minds, encouraging the next generation of scientists, engineers and, hopefully, some astronauts. The planetarium is set to generate a host of economic opportunities for Nottinghamshire, attracting visitors from across the UK, bolstering local tourism and supporting businesses in the area. Of course, it also underscores a commitment to making science accessible to all, regardless of background or geography.

Closer to Rushcliffe, we have the University of Nottingham’s Institute for Aerospace Technology, a shining example of our region’s commitment to excellence in research and innovation. The IAT is at the forefront of aerospace and space research, working with leading global companies to develop technologies that will define the future of space exploration. I am also proud to note that the university ranks among the top institutions in the UK for aeronautical and aerospace engineering, securing seventh place in the UK “Complete University Guide” for 2025. This ranking is a testament to the exceptional work being done to prepare students for careers in the aerospace sector and develop groundbreaking technologies that will propel our nation to new heights, both figuratively and literally.

The Nottinghamshire space sector is about not just innovation, but inclusion and opportunity. The industry offers young people in our region the chance to pursue exciting, well-paid careers without needing to leave their communities.

[Mr Calvin Bailey (Leyton and Wanstead) (Lab)]

The space sector offers opportunities to all our constituents. The defence industrial strategy is an opportunity to create and support activities based in STEM—science, technology, engineering and mathematics—particularly in relation to space. Does my hon. Friend agree that my industrial strategy submission would be a worthy read for all Members today, as it highlights just that?

[James Naish]

I obviously have not read my hon. Friend’s submission, but if he wants to send it to me I would very much welcome reading it.

The supply chain of the space sector is vast and diverse, as my hon. Friend has just alluded to, with almost 2,900 suppliers nationwide, half of which are small and medium-sized enterprises. By supporting this Bill and ensuring that the space industry can flourish in the UK, we are supporting businesses in Nottinghamshire and beyond that employ local people, contribute to the local economy and strengthen our communities. By virtue of even discussing the space industry here today, we are sending a clear message that the UK is a competitive and supportive environment for space businesses. This is about not just fostering innovation, but ensuring jobs and investment today and ensuring that expertise remains here in the UK, benefiting constituencies such as mine. Nottinghamshire is proudly playing its part; from Sherwood observatory’s planetarium to the University of Nottingham’s aerospace research, our region is a shining example of the transformative power of the space sector.

This Bill is an essential piece of legislation, as it addresses the current requirement for unlimited liability in cases of damages involving UK-owned satellites, which has inadvertently driven operators away from the UK to other countries with more favourable terms. By supporting the industry today, we are not just enabling launches into orbit, but launching a brighter future for young people, our economy and the UK as a whole. Collectively as a House, I hope that we will seize this opportunity to lead the world in space innovation while ensuring that the benefits of this industry are felt in every corner of the country.